DA Davidson raised the firm’s price target on REV Group (REVG) to $39 from $33 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s results were ahead of expectations for Q4, with the FY25 outlook of nearly 40% EBITDA growth supporting the stock, the analyst tells investors in a research note. Additional growth through 2027 and expectations that EBITDA may nearly double in three years provided additional justification to buy REV Group shares, the firm added.
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Read More on REVG:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
